Lawrence McQuillan: Day of Reckoning for Public Pensions Underway
Generous benefits, unrealistic return assumptions, and extremely low interest rates are combining in a perfect storm against large public pension funds, says Lawrence McQuillan, author of the must-read book, California Dreaming: Lessons on How to Resolve America's Public Pension Crisis. In today's podcast, Lawrence explains how this problem is getting worse, what needs to be done to stop it, and what will happen if we don't.
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